Mexican Consumer Confidence Weakens in August RTTNews
go to original September 4, 2012

Mexico's consumer confidence deteriorated in August, after improving in the previous month, data released by statistical office INEGI showed Tuesday.

The consumer confidence index decreased to 97.6 in August from 98.9 in July. A month earlier, the reading was 95.5.

Mexican households were less upbeat about their financial situation in August compared twelve months earlier, with the corresponding indicator declining to 98.3 from 98.9 in the previous month. At the same time, the expectations component of personal finances dropped to 105.9 from 106.1.

Consumers' perception of the current general economic situation turned slightly gloomy during the month. The corresponding sub-index edged down to 99.1 from 99.2 in July.

Mexican households were slightly less optimistic about prospects for the economy in the next 12-month period, with the relevant index dropping to 106.8 in August from 106.9 in the previous month, data showed.

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